2021 1Z0-1056-21 Dumps PDF - 1Z0-1056-21 Real Exam Questions Answers
Valid 1Z0-1056-21 Test Answers & Oracle 1Z0-1056-21 Exam PDF
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NEW QUESTION 23
If a receipt cannot be automatically matched or transaction information is not available, Receivables can use the AutoCash rule set.
In which three places is the rule set found? (Choose three.)
- A. Customer Account
- B. System Options
- C. Receipt Class
- D. Customer Site
- E. Receipt Method
Answer: A,D,E
Explanation:
If transactions cannot be matched or transaction information is not available, Receivables uses the AutoCash rule set defined for the customer profile either at the customer site or customer level to apply the receipt. If the customer does not have an AutoCash rule set assigned to a profile, Receivables uses the AutoCash rule set assigned to system options and the number of discount grace days defined in the customer site or customer profile to apply the receipt.
References:
NEW QUESTION 24
You have created two transactions with a 30-day payment term. The first transaction is on January 29, 2015 and the second transaction is on January 31, 2015. The invoice date is the same as the system date. Both transactions are assigned an unsigned receipt method that has the lead days set to 60, number of bills receivable rule set to one per customer, and the bills receivable maturity date rule set to latest.
Which statement is true when the create bills receivable batch is processed for a customer on January 31, 2015?
- A. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 30, 2015.
- B. Two Bills Receivable transactions are created with the issue date and accounting date as January 29, 2015 and January 31, 2015, respectively.
- C. Two Bills Receivable transactions are created with the issue dates as January 29, 2015 and January 31, 2015.
- D. Two Bills Receivable transactions are created with maturity dates as March 30, 2015 and April 1, 2015.
- E. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 2, 2015.
- F. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as February 28, 2015.
Answer: D
NEW QUESTION 25
Each time that you run AutoInvoice, the process generates a list of records that fail validation.
Which two ways allow you to display AutoInvoice errors in an Excel workbook? (Choose two.)
- A. using the Incomplete Infotile
- B. using the Manage AutoInvoice Lines task
- C. using the Import Exceptions Infotile
- D. using the Manage Transactions task
Answer: B,D
NEW QUESTION 26
Given the default system options:
Which two instances are you required to select for the - require salesperson flag? (Choose two.)
- A. Revenue accounting is required
- B. Sales credit tracking is required
- C. Auto-Invoicing is required
- D. FBDI Loader is required
Answer: A,B
NEW QUESTION 27
Your client processes many customer refunds on a regular basis and would like to have information about recent refunds (including their status) for analytical purposes.
What should you do to meet this requirement in an efficient manner?
- A. Search in the Receivables "Manage Credit Memo Applications" page, then export results to Excel.
- B. Search in the Payables "Manage Payments" page, then export results to Excel.
- C. Create an Oracle Transactional Business Intelligence (OTBI) analysis.
- D. Run the predefined Transaction Details Report.
Answer: C
NEW QUESTION 28
After a customer bankruptcy is approved, what happens in the Collections application?
- A. Collection activities are suspended, delinquent transactions no longer appear on the Collections Work Area and customer status is changed to Bankrupt.
- B. Collection activities remain active, delinquent transactions appear in the Collections Work Area but customer status is changed to Bankrupt.
- C. The Bankrupt Customer Collection job is automatically submitted to close all open transactions for the customer.
- D. Collection activities are suspended and delinquent transactions appear in the Collections Work Area.
Answer: A
NEW QUESTION 29
Your customer has a state tax of 20% and a city tax of 10% as non-inclusive tax rates that are applicable on a transaction line. Your invoice has two lines: Line1 with $600 USD and Line2 with $400 USD.
What will be the resulting tax and invoice amounts for your tax invoice?
- A. state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,257.78 USD.
- B. state tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of $1,300 USD.
- C. state tax of $200 USD for the invoice, city tax of $10 USD, and an invoice total of $1,210 USD.
- D. state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,000 USD.
- E. state tax of $166.67 USD for the invoice, city tax of $16.67 USD, and an invoice total of $1,184.34 USD.
Answer: B
NEW QUESTION 30
When running the delinquency process for a customer, the business unit for which you want to run the process does not appear in the drop-down menu.
Identify the action that you need to take.
- A. Select the check box to enter the default business unit if it does not appear in the drop-down menu.
- B. Business unit is not a required option on the Parameters tab to run the delinquency process.
- C. Click the Settings button to apply appropriate settings so that the business unit appears in the drop-down menu.
- D. Only business units that the user has access to will appear in the list of values. Modify the security options to provide access to the user.
Answer: D
NEW QUESTION 31
There are a few customers that you do not want to send dunning letters to.
How would you exclude these customers from dunning?
- A. Disable Send Dunning Letter in Transaction Source Type.
- B. Disable Send Dunning Letter on the Correspondence tab.
- C. Disable Send Dunning Letter on the Profile tab.
- D. Disable Send Dunning Letter in Transaction Type.
- E. Disable Send Dunning Letter in Collections Preferences.
Answer: C
Explanation:
References:
NEW QUESTION 32
Which two statements are true regarding the Promise to Pay feature in the Collections application?
- A. You can cancel a promise made in error if it is before the promise due date.
- B. Promise information is updated by scheduling the Promise Reconciliation process.
- C. Mass promise to pay amounts automatically become partial payments.
- D. You cannot cancel a promise made in error if it is before the promise due date.
Answer: C
NEW QUESTION 33
Your customer upload batch completes with an error and you identify the error as being due to incorrect payment method.
Which action should you take the resolve the Issue?
- A. Correct error and resubmit the batch.
- B. Troubleshoot In the Manage Customers page.
- C. Use the Customer Data Exceptions spreadsheet.
- D. Use the Customer Payment Method Exceptions spreadsheet.
Answer: D
NEW QUESTION 34
Where is the summary delinquency data displayed on the Collections Dashboard?
- A. Correspondence tab
- B. Activity tab
- C. Profile tab
- D. Aging tab
Answer: C
Explanation:
References:
NEW QUESTION 35
The process of remitting receipts to a bank results in fund transfer errors.
Identify three corrective actions to resolve this. (Choose three.)
- A. debit memo reversal
- B. receipt reversal
- C. clearing payment information
- D. change of instrument
- E. credit reversal
Answer: B,C,D
Explanation:
References:
NEW QUESTION 36
Identify three activities that you can perform from the Collections Dashboard. (Choose three.)
- A. Verify Customer Payments.
- B. View the Total Amount Due for delinquent customers.
- C. Record an activity to create a task or tasks to follow up on a delinquent customer.
- D. Update the work status of a work item for a delinquent customer.
- E. Assign a Collector to a delinquent customer.
Answer: C,D,E
NEW QUESTION 37
What are the two places where Receivables can look for the "Match Receipts By" setting when applying manual customer receipts? (Choose two.)
- A. Customer
- B. Profile option
- C. Receipt Method
- D. AutoMatch Rule
- E. System Options
Answer: C,E
NEW QUESTION 38
The Business Intelligence repository contains metadata that defines columns, which you can include in an analysis.
Which three types of columns are available when you create or edit an analysis? (Choose three.)
- A. Fact
- B. Attribute
- C. Sum
- D. Function
- E. Hierarchy
Answer: A,B,E
NEW QUESTION 39
What are the three seeded contract configuration rules that Revenue Management provides to automatically create contracts? (Choose three.)
- A. by Item and time frame
- B. by Quote Number and time frame
- C. by Customer and time frame
- D. by Source Document and time frame
- E. by Source Document Line andtime frame
Answer: A,D,E
NEW QUESTION 40
Which two determinant types are used in reference data assignment? (Choose two.)
- A. Business Unit
- B. Project unit
- C. Project Segment
- D. Account Segment
Answer: A,B
Explanation:
References:
NEW QUESTION 41
Which two statements are true when you are using the Intercompany Reconciliation Process? (Choose two.)
- A. The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.
- B. The Clearing Company Balancing Lines appear in the Intercompany Reconciliation Summary Report.
- C. You need to submit the Extract Intercompany Reconciliation Data job.
- D. The Transaction Summary Report shows only transactions with a status of received.
- E. The ledger balancing lines are generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.
Answer: A,E
Explanation:
References:
NEW QUESTION 42
Identify a valid reason for a Collector being unable to enter a dispute against a particular transaction.
- A. The transaction date falls in a closed period.
- B. The invoice is not closed.
- C. The transaction is an invoice.
- D. The transaction type is not associated with a credit memo type.
- E. The transaction is partially paid.
Answer: D
NEW QUESTION 43
You have created a sales invoice for $900 USD with an item line of $750 USD and a tax rate of 20%. The customer has made a payment of $500 USD and you are required to process the cash application to apply the $500 USD to the item line and $0 USD to tax.
How would you achieve this?
- A. Set the payment terms revenue recognition policy to look for Line First and Tax Later.
- B. Set Application Rule Set to Line First--Tax After at the transaction type level and/or a default value at system options.
- C. Set Application Rule Set to Line First--Tax After at the transaction source level and/or a default value at the receipt method.
- D. Set the credit classification revenue recognition policy to look for Line First and Tax Later.
- E. Create a Memo Line or receivable activity to have the check box selected for Apply Item Line First.
Answer: B
Explanation:
References:
NEW QUESTION 44
Your customer has three sites defined in the system, site 1, site 2, and site 3. All sites have their own billing strategy defined and Balance Forward Billing is enabled for site 1 and Site 2 at the account level.
How will bills be generated?
- A. Sites 1 and 3 activities will be included in a single bill.
- B. Sites 1 and 2 activities will be included in a single bill.
- C. Sites 1, 2, and 3 activities will be included in a single bill.
- D. Sites 2 and 3 activities will be included in a single bill.
Answer: B
NEW QUESTION 45
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